After a summer tour where he played nearly empty venues, it’s safe to say that not only does Bow Wow lack the appeal of his salad days, but is hurting for cash. According to TMZ, the rapper/actor is indeed in the midst of some financial difficulties, which was confirmed during a child custody hearing this past week.
Standing before a judge, Bow Wow said he was making $4,000 a month, which is a far fall from when the 25-year-old was raking in the money starring in Lottery Ticket, Like Mike and The Fast and the Furious: Tokyo Drift. He also says that he has only $1,500 in his bank account and owes back taxes since 2006.
TMZ also uncovered documents that confirm the man who is set to be the next host of 106 & Park indeed does have some problems. In 2008, he leased a 2005 Ferrari F430 and by February, 2009, the leasing company sued him and got a judgment for $216,084.75 for failing to pay for the car and hasn’t forked over what he owes since.
With his star power diminishing, Bow Wow will need to save every penny he gets in order to settle the financial misgivings of his youth.